Showroom Accountant📣 Job Ad

About Soum

Soum is dedicated to transforming e-commerce in the MENA region by developing a convenient and trustworthy re-commerce marketplace. The company focuses on streamlining the buying and selling of second-hand products. Since its launch in July 2021, Soum has experienced rapid growth in its team and product offerings, earning recognition as one of the Top 10 LinkedIn Startups in Saudi Arabia for 2024.

The Role of Showroom Accountant

Soum is seeking a Showroom Accountant to manage financial operations for its cars business in Riyadh. This full-time role involves handling cash and bank reconciliations, inventory accounting, supplier ledgers, VAT compliance, and month-end closing procedures. The ideal candidate will possess 2-5 years of relevant experience and be proficient in both Arabic and English.

Key Responsibilities

• Manage all cash and bank activities for the cars business, including issuing and controlling receipts.
• Perform daily cash and bank reconciliations, escalating and resolving discrepancies on the same day.
• Report daily incomes and expenses, ensuring full reconciliation with bank statements.
• Prepare and maintain inventory ledgers, recording daily movement against sales.
• Conduct periodic and surprise stock counts, investigating and clearing variances.
• Maintain inventory aging analysis and identify slow-moving or at-risk units.
• Obtain formal sign-off on month-end closing inventory from the Operations team.
• Record each cost center and business stream separately and accurately.
• Ensure correct VAT treatment for every transaction and support filings with traceable records.
• Manage key supplier ledgers, prepare statements, and secure sign-offs from the Supply team and suppliers.
• Collaborate with the Inventory & Pricing Analyst to reconcile inventory value, price updates, and P&L.
• Track marketing expenditure against approvals and budget.
• Respond to ad hoc finance requests from the CFO and board.
• Manage the Finance Analyst for reporting and dashboard maintenance.
• Improve efficiency by reducing manual reporting through automation and tools.
• Serve as the primary liaison between the Cars and Finance teams for all financial matters.
• Ensure alignment between teams through clear, documented, and timely communication.
• Identify and drive automation and system improvements for manual or duplicated workflow steps.
• Standardize and document processes to maintain controls amidst volume growth and staff changes.

Required Qualifications and Experience

• 3-4 years of experience in finance, with hands-on experience in cash and bank reconciliations, inventory accounting, supplier reconciliations, and month-end closing.
• ACCA/Part-Qualified CA or equivalent certification.
• Strong understanding of VAT, cost center accounting, revenue and cost cut-offs, and financial record management.
• Experience in improving finance processes through automation, system enhancements, or reducing manual workflows.
• Fluency in both Arabic and English.